Posts Tagged ‘very low car insurance rates’

Car insurance is something required by every state in the United States. People must be financially responsible so they must buy monthly car insurance so that they may be able to afford damages in accidents. Car insurance have different monthly prices and this depends on your auto history as well as criminal history. If a person is a relatively safe driver with very little problems involving car accidents and ticketing violations or any federal charges it is very easy for you to secure very low car insurance rates. The monthly payments will also depend on the year the car is made and the type of car it is. Insurance is usually higher for cars that have less mileage. If you are often involved in car accidents and have had problems with violating vehicle laws in the past then that will be reflected on your monthly car insurance with high payments.

Monthly Car Insurance

When choosing the proper car insurance one should know a little bit about statistics so they can know what is the right price for them to pay on their monthly car insurance. The average yearly cost of car insurance in 2009 nation wide was about $1736 dollars which is roughly about 145 dollars a month. These numbers of course vary from state to state depending on which state you live in the average may vary a lot. Also realize that there are many different types of car insurance some may cover accidents mounting up to almost $ 200,000 while some may only cover up to $ 500.

Age is another factor that can affect your premium rates with your insurance company. If you are much older or very young the rates would most likely be much higher because of the statistical risk involved within a particular age group. Also how much you drive each year can also determine your premium rates because the more you drive the more likely it is that an accident may occur.

Monthly Car Insurance Quotes

Here are a couple of examples of when you might expect extremely high insurance rates and relatively low rates.

For example, Tom is a very safe driver. Tom is currently 35 years old this year. Tom has almost no history of speeding or involvement in any accidents that was his fault. His car is a 1998 Honda Civic and has over 10,000 in mileage. Tom also is not getting dual insurance and his insurance only cover damages if it is his own personal fault. Tom most likely would have monthly insurance rates that are far below the statistical average. He most likely will have under $100 dollars a month and it wouldn’t surprise me if he even had under $75 dollars a month.

Now let’s look at the opposite end of the spectrum. Let’s say Timmy is a driver that has a questionable driving past. He has been involved in more than three accidents this year and two of them were his own fault. He has been caught driving drunk one time in his past. Timmy also has been to classes where he had to learn to control road rage problems. Timmy also managed to get himself a speeding ticket this year. Now it wouldn’t surprise me at all if Timmy had a monthly insurance rate that was over $200 dollars a month.

Most drivers would most likely find themselves somewhere in between Tom and Timmy. For most drivers their monthly car insurance will be somewhere in between Timmy and Tom which is about $145 dollars a month and that matches up with the nationwide average insurance rates.